FX.co ★ Konnect2fx | GBP/USD

GBP/USD Technical Analysis GBP/USD on the H4 timeframe remains under bearish pressure after a strong breakdown below the important 1.3300 support region. The pair is currently trading around 1.3250, which shows that sellers are still controlling the short-term market direction. Looking at the chart, the recent decline from the 1.3450–1.3460 area was aggressive and accompanied by strong bearish candles, indicating heavy selling interest. Price attempted to stabilize after reaching the 1.3180–1.3200 zone, but the recovery has been limited so far. I can see that buyers are trying to push the pair higher, yet they have not managed to reclaim the broken support level near 1.3300. This level is now acting as resistance and could attract fresh selling pressure if price moves back toward it. The current rebound appears corrective rather than a complete trend reversal. If GBP/USD remains below 1.3300 and fails to close above 1.3330, sellers may regain momentum and push the pair lower once again. The overall price structure continues to show lower highs and lower lows, which supports the bearish outlook in the near term.

In the coming sessions, traders will closely watch how the pair reacts around the 1.3300–1.3330 resistance zone. I believe this area could determine the next major move. A rejection from these levels may open the door for another decline toward 1.3200, followed by 1.3150 and potentially the 1.3100 psychological level. On the other hand, if buyers manage to secure a sustained break above 1.3330, the pair could extend its recovery toward 1.3380 and possibly 1.3450. However, the broader technical picture still favors sellers because the market remains below the descending trendline that has been guiding price lower for several weeks. I also notice that recent bullish candles have not shown the same strength as the earlier bearish move, suggesting that buying momentum remains fragile. From my perspective, GBP/USD is currently in a recovery phase within a larger downtrend, and traders should remain cautious of potential selling opportunities near resistance levels. As long as price stays below 1.3300–1.3330, bearish sentiment is likely to dominate, while a move above 1.3450 would be needed to significantly improve the medium-term outlook.